16 Top Hotel Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Hotel Companies with the highest growth rates?

You’re not alone.

There are hundreds of Hotel Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 16 fast-growing Hotel Startups that have top-tier venture capital funding.

What are Hotel Startups?

Hotel startups are businesses that focus on the hospitality industry. They may offer services such as hotel booking, home rental, or other related services. These startups are typically tech-based and use innovative technology to create a more convenient and efficient experience for their customers. 

They often leverage data and analytics to find new ways to improve hotel operations and the guest experience.

Top 16 Fastest-Growing Startups In Hotel

1) Snapcommerce

Snapcommerce is a shopping website that connects budget-conscious shoppers with the best offers on the market.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2016
• Founders: Henry Shi, Hussein Fazal
• Number of employees: 51-100
• Funding amount: $101,400,000
• Number of funding rounds: 5
• Number of investors: 17

You can find their website here.‍

2) Collective Retreats

Collective Retreats’ signature asset light retreats provide luxury holiday experiences in unexpected locations.

Details of the startup:

• Country: United States
• City: Denver
• Started in: 2015
• Founders: Cristina DeVito, Peter Mack
• Number of employees: 11-50
• Funding amount: $41,309,997
• Number of funding rounds: 6
• Number of investors: 9

You can find their website here.

3) Treebo Hotels

Treebo is India’s first tech-enabled, asset-light, low-cost lodging brand.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2015
• Founders: Kadam Jeet Jain, Rahul Chaudhary, Sidharth Gupta
• Number of employees: 501-1000
• Funding amount: $69,174,397
• Number of funding rounds: 9
• Number of investors: 16

You can find their website here.

4) SiteMinder

The largest open hotel commerce platform in the world

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2006
• Founders: Mike Ford, Mike Rogers
• Number of employees: 501-1000
• Funding amount: $105,296,009
• Number of funding rounds: 4
• Number of investors: 7

You can find their website here.

5) Fabhotels

Fabhotels is an online hotel room aggregator. Its goal is to provide standardized services at a low cost.

Details of the startup:

• Country: India
• City: Gurgaon
• Started in: 2015
• Founders: Adarsh Manpuria, Vaibhav Aggarwal
• Number of employees: 51-100
• Funding amount: $48,598,636
• Number of funding rounds: 7
• Number of investors: 9

You can find their website here.

6) OYO

OYO is a hotel chain with a branded network of hotels that provide uniform guest experiences.

Details of the startup:

• Country: India
• City: Gurgaon
• Started in: 2012
• Founders: Ritesh Agarwal
• Number of employees: 10001+
• Funding amount: $3,439,351,106
• Number of funding rounds: 17
• Number of investors: 23

You can find their website here.

7) Yanolja

The No. 1 OTA in South Korea and Asia’s fastest-growing travel startup

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 2005
• Founders: Lee Sujin
• Number of employees: 1001-5000
• Funding amount: $248,500,000
• Number of funding rounds: 3
• Number of investors: 4

You can find their website here.

8) Limehome

Limehome transforms commercial buildings into chic apart-hotels that are managed through their technology platform for business and leisure tourists.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2018
• Founders: Josef Vollmayr, Lars Stabe
• Number of employees: 51-100
• Funding amount: € 36,000,000
• Number of funding rounds: 3
• Number of investors: 4

You can find their website here.

9) ZEN Rooms

ZEN Rooms is an Asian network of high-quality affordable hotels.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2015
• Founders: Kiren Tanna, Nathan Boublil
• Number of employees: 251-500
• Funding amount: $23,000,000
• Number of funding rounds: 4
• Number of investors: 8

You can find their website here.

10) Ayenda Hotels

The most rapidly expanding cheap hotel chain.

Details of the startup:

• Country: Colombia
• City: Medellín
• Started in: 2015
• Founders: Andrés Sarrazola
• Number of employees: 101-250
• Funding amount: $10,000,000
• Number of funding rounds: 2
• Number of investors: 7

You can find their website here.

11) Bloom Hotels

Bloom Hotels is a hospitality company that owns and operates a series of hotels and restaurants.

Details of the startup:

• Country: India
• City: New Delhi
• Started in: 2006
• Number of employees: 101-250
• Funding amount: ₹1,100,000,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

12) Go2Joy

Go2Joy is a mobile O2O platform in Vietnam that connects local hotels and local hotel users.

Details of the startup:

• Country: Vietnam
• City: Ho Chi Minh City
• Started in: 2016
• Founders: Simon Byun
• Number of employees: 11-50
• Funding amount: $6,100,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

13) SensorFlow

Smart energy-efficient hotels are now a reality thanks to Sensorflow.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2016
• Founders: Saikrishnan Ranganathan
• Number of employees: 1-10
• Funding amount: $3,271,623
• Number of funding rounds: 4
• Number of investors: 11

You can find their website here.

14) Vista Rooms

Vista Rooms is the largest premium vacation rental management firm in South Asia. We’ve set out on a mission to create a “Marriott for Homes.”

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 2015
• Founders: Amit Damani, Ankita Sheth, Pranav Maheshwari
• Number of employees: 101-250
• Funding amount: $2,106,765
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

15) CCAvenue

CCAvenue, ResAvenue, EventAvenue, and HotelsAvenue are all Avenues solutions that were conceived and developed solely for Avenues.

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 2000
• Founders: Vishwas Patel
• Number of employees: 1-10
• Funding amount: $9,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

16) Unclezam Holding Berhad

Unclezam Holding Berhad is a Malaysian investment holding company specializing on Halal and Syariah products and services.

Details of the startup:

• Country: Malaysia
• City: Kuala Lumpur
• Started in: 2017
• Founders: Norizam Tukiman
• Number of employees: 51-100
• Funding amount: $3,505,387
• Number of funding rounds: 4
• Number of investors: 2

You can find their website here.

FAQs

Is Hotel Business Profitable?

Yes, hotel business can be very profitable. Hotels can generate income from guests through room charges, food and beverage sales, events, and other services. Hotels also have the potential to earn additional income from leasing out property for retailers, restaurants, and other businesses. 

Additionally, hotels can benefit from ancillary income such as membership fees, loyalty programs, and other promotional programs.

What Is The Average Investment In Hotel?

The average investment in a hotel business can vary greatly depending on the size and scope of the hotel. Generally speaking, the total start-up cost of a hotel can range from $2 million to $75 million.